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could build three houses on every acre, instead of the one house he had been entitled to construct when he originally purchased the land.
Thus, Mr. Wilson maintained, the government had, in effect, tripled the value of the land owned by the developer.
The increase in value stems from the fact that more housing units could be built on each parcel of land, and more money could be made from the sale of those units on smaller lots once the development was completed. And, he added, the government had gotten nothing in return for the additional profit which the developer would realize as a result of the rezoning and subdivision.
94.2%